Nuveen LLC Acquires Shares of 58,977 Triumph Financial, Inc. $TFIN

Key Points

• Nuveen LLC has acquired a new position in Triumph Financial, purchasing approximately 58,977 shares valued at about $3.4 million, representing 0.25% of the company's stock.
• Analysts have increased the target price for Triumph Financial shares from $56.00 to $63.00 while maintaining a "neutral" rating, with an average target price of $70.75.
• In recent trading, Triumph Financial's stock was up 0.4%, with shares priced at $62.29, and a market cap of approximately $1.48 billion.

Nuveen LLC bought a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,977 shares of the company's stock, valued at approximately $3,409,000. Nuveen LLC owned approximately 0.25% of Triumph Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Triumph Financial by 5.9% during the first quarter. Invesco Ltd. now owns 57,100 shares of the company's stock worth $3,300,000 after purchasing an additional 3,175 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Triumph Financial by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 206,865 shares of the company's stock worth $11,957,000 after purchasing an additional 7,794 shares in the last quarter. West Michigan Advisors LLC purchased a new stake in shares of Triumph Financial during the first quarter worth about $613,000. XTX Topco Ltd purchased a new stake in shares of Triumph Financial during the first quarter worth about $694,000. Finally, Diamond Hill Capital Management Inc. boosted its position in Triumph Financial by 16.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company's stock worth $9,590,000 after acquiring an additional 23,244 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Insider Activity at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the transaction, the executive vice president directly owned 27,832 shares in the company, valued at approximately $1,680,774.48. This represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron P. Graft sold 6,500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the transaction, the chief executive officer owned 144,558 shares in the company, valued at approximately $8,699,500.44. This represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.58% of the company's stock.

Triumph Financial Trading Down 0.9%

Shares of TFIN stock traded down $0.58 during trading hours on Tuesday, hitting $60.91. The company had a trading volume of 120,382 shares, compared to its average volume of 222,211. The company's fifty day moving average is $59.42 and its 200 day moving average is $58.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The stock has a market capitalization of $1.45 billion, a PE ratio of 138.43 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The firm had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Research analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their price target on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Triumph Financial has an average rating of "Hold" and an average target price of $70.75.

Triumph Financial Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.